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Updated almost 10 years ago,
Invest in Duplex
Hello,
First off I want to thank everyone for their awesome information and time taken to read and answer forums. In the last few weeks I have been reading non-stop and been learning a lot. I have read a few books already on investing in Real Estate. I want to start running but need some guidance of where to run.
I live in Los Angeles County (California) and would like to invest in a duplex. I don't have a ton of money so FHA Loan will probably be the way to finance. The thing is that Ontario, Inland Impire and other surrounding cities are really expensive. I have searched under realtor.com and asking prices for duplex are in the high 300's or 400's.
I need some advice if I should invest outside of California on my first investment property or should I get an investment here in California with low or no cash flow.
Any help and advice will be appriciated.